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CapitaLand Cuts 365 China Jobs as Real Estate Crisis Deepens

CapitaLand Investment Ltd. reduced its Chinese workforce by approximately 10% last year, eliminating roughly 365 positions. The Singapore-based asset manager is navigating fallout from China's property downturn. The reduction reflects broader challenges facing financial firms with significant exposure to China's real estate sector. Major developers continue reporting substantial losses, intensifying concerns about the market correction. CapitaLand's move comes as construction and development activity weakens across Asia's largest economy. The company joins other multinational enterprises reassessing their China operations in response to weakening demand and tighter financial conditions.